AGP Executive Report
Last update: 3 hours agoAuditor Shake-Up: IAG will ditch KPMG and run a tender for a new auditor, citing tenure limits after KPMG’s audit fees hit $11.6m and more corporate clients have already moved away. Consumer & Banking Disputes: A Suncorp motor claim was reversed and fraud allegations retracted after an AFCA complaint, with the insurer waiving the $900 excess and paying non-financial compensation. Energy Costs: Agile Energy’s new “Energy Pain Index” flags demand charges as a major driver of commercial power bills, with identical businesses paying nearly $30,000 more depending on network connection. RBA & Markets: RBA governor Michele Bullock warned inflation risks are materialising, lifting odds of further rate hikes; the Aussie dollar bounced while ASX sentiment stayed sensitive to oil and global rates. Fintech Funding: dtcpay closed a $25m Series A with SBI joining as a strategic investor, aiming at product expansion and regulated international growth. Workplace Tech Rules: Australia may ban camera-equipped smart glasses in government workplaces over privacy and security concerns, with major employers including banks involved in AI workplace guideline talks. ASX Watchlist: Investors tracked CSL’s rebound, plus a steady flow of company updates across energy, healthcare and listed funds.
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